Overnight Digest: Stocks to watch out on July 29

The stocks to look out on July 29 include Vedanta, IDFC Limited, Cadila, Jubilant Life Sciences and Force Motors.

Vedanta Ltd.: The company’s consolidated attributable profit dropped by 12 per cent YoY to Rs. 1,351 crore for Q1FY20 compared to Rs. 1,533 crore Q1FY19. Also, Cairn India Holdings (CIHL) which is an overseas subsidiary of Vedanta and Volcan Investments, have agreed to unwind entirely the structured investment entered between them in December 2018 ahead of the originally envisaged schedule. 

IDFC Limited: IDFC Financial Holding Company Limited (IFHCL), also known as IDFC Limted, entered into an agreement with the Chatterjee Group to sell the entire equity stake that it held in IDFC Securities Limited. As the agreement expired without a concrete decision, IDFC continues its search for options to divest its securities business.

Cadila Healthcare Limited: No observation (483) has been issued upon inspection of the company’s facility in Ankleshwar.

Jubilant Life Sciences: For Q1FY20, the company’s consolidated net profit went down by 8.6 per cent YoY to Rs 185 crore and revenue increased by 5 per cent YoY to Rs 2182 crore.

Force Motors Limited: The company's consolidated revenue for Q1FY20 was Rs. 80248 lakh, a decrease of 9.75 per cent YoY and the net profit for the same quarter fell by 36.15 per cent to Rs. 2617 lakh.